Strawberry Fields REIT (NYSEAMERICAN:STRW) Now Covered by Analysts at Compass Point

Compass Point initiated coverage on shares of Strawberry Fields REIT (NYSEAMERICAN:STRW) in a research report report published on Thursday, Marketbeat.com reports. The brokerage issued a buy rating and a $14.00 price objective on the stock.

A number of other research firms also recently issued reports on STRW. Lake Street Capital assumed coverage on Strawberry Fields REIT in a research note on Wednesday, January 8th. They set a “buy” rating and a $13.50 price target for the company. Wedbush began coverage on Strawberry Fields REIT in a report on Monday, January 6th. They set an “outperform” rating and a $12.00 price target on the stock. Finally, Janney Montgomery Scott started coverage on Strawberry Fields REIT in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.50 target price on the stock. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Strawberry Fields REIT currently has a consensus rating of “Buy” and an average target price of $12.40.

Strawberry Fields REIT Trading Up 0.3 %

Shares of Strawberry Fields REIT stock opened at $11.23 on Thursday. Strawberry Fields REIT has a 52-week low of $6.56 and a 52-week high of $12.90. The company has a market capitalization of $84.00 million, a PE ratio of 1.28, a PEG ratio of 1.10 and a beta of 0.51.

Strawberry Fields REIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.14 per share. This is a positive change from Strawberry Fields REIT’s previous quarterly dividend of $0.13. The ex-dividend date was Monday, December 16th. This represents a $0.56 annualized dividend and a yield of 4.99%. Strawberry Fields REIT’s dividend payout ratio is presently 109.81%.

Insider Activity

In other Strawberry Fields REIT news, Director Michael Blisko acquired 9,800 shares of the stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $10.25 per share, with a total value of $100,450.00. Following the completion of the transaction, the director now directly owns 224,680 shares in the company, valued at approximately $2,302,970. This trade represents a 4.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Alyeska Investment Group, L.P. sold 200,000 shares of Strawberry Fields REIT stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $10.25, for a total value of $2,050,000.00. Following the completion of the sale, the insider now directly owns 1,050,000 shares of the company’s stock, valued at approximately $10,762,500. This represents a 16.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 154,547 shares of company stock worth $1,586,276. 10.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Strawberry Fields REIT

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Strawberry Fields REIT during the third quarter worth about $45,000. Rhumbline Advisers acquired a new position in shares of Strawberry Fields REIT during the second quarter worth about $57,000. Barclays PLC lifted its stake in shares of Strawberry Fields REIT by 302.3% during the third quarter. Barclays PLC now owns 8,697 shares of the company’s stock worth $110,000 after purchasing an additional 6,535 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Strawberry Fields REIT by 186.7% during the third quarter. JPMorgan Chase & Co. now owns 9,572 shares of the company’s stock worth $121,000 after purchasing an additional 6,233 shares in the last quarter. Finally, Duncan Williams Asset Management LLC acquired a new position in shares of Strawberry Fields REIT during the third quarter worth about $192,000.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc, is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company's portfolio includes 109 healthcare facilities with an aggregate of 12,449 bed, located throughout the states of Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas.